₹235.51 Crores | Listing at BSE, NSE | Fri, Dec 23, 2022 - Fri, Jan 6, 2023
RSWM Ltd. Rights Issue comprises 2.36 Cr equity shares aggregating to ₹235.51 Cr, offered at an issue price of ₹100 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Dec 16, 2022.
As per the terms of payment, ₹100 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 22, 2022.
The Rights Issue opens on Dec 23, 2022 and closes on Jan 6, 2023.
The deemed date of allotment is Jan 13, 2023, following which the equity shares are expected to be credited to demat accounts on Jan 16, 2023 and listed on NSE and BSE on Jan 18, 2023.
SKP Securities Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the RSWM Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 16, 2022
Entitlement Ratio
:
Open Date
Fri, Dec 23, 2022
Close Date
Fri, Jan 6, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2068.63 | 2365.43 | 20.83 |
| 31-Mar-22 | 2573.72 | 3849.54 | 246.22 |
| Amount in ₹ Crore | |||
Incorporated in 1961, RSWM Limited manufacture and supplies high-quality yarns and fabrics. The company creates fabrics and yarns suitable for uniforms for students and government professionals as well as protective wear for military personnel and other high-risk professions. We also specialise in home and commercial interior textiles used for curtains, carpets, bed covers and upholstery.
RSWM Limited has more than 20 production units, all strategically located in India, the US$1-billion group of companies employs over 25,000 people.
The company has three business units:
1. Yarn
2. Denim
3. Knitted Fabric.
The company proposes to utilise the Net Proceeds towards funding of the following objects:
1. Repayment, in full or part, of certain borrowings availed by the Company, including interest thereon.
2. Funding the working capital requirements.
3. General corporate purposes.
[Dilip Davda] RSWM is a well-known textile company of the LNJ Bhilwara group. It is now on track with super performance and a handsome dividend for FY22. RI at a discount of around 86.5% to its last quote is an attractive and not to miss the offer. Investors should grab it for medium to long-term rewards. Read detail review...
RSWM Ltd.
Bhilwara Towers, A-12, Sector-1
Naida
201 301 (NCR-Delhi)
Delhi, New Delhi, 201301
The RSWM Rights Issue 2022 opens on Fri, Dec 23, 2022, and closes on Fri, Jan 6, 2023.
RSWM Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Thu, Dec 22, 2022 |
| Last Date for renunciation of Rights Entitlements | Mon, Jan 2, 2023 |
| Issue Opening Date | Fri, Dec 23, 2022 |
| Issue Closing Date | Fri, Jan 6, 2023 |
| Date of Allotment (on or about) | Fri, Jan 13, 2023 |
| Date of Credit (on or about) | Mon, Jan 16, 2023 |
| Date of Listing (on or about) | Wed, Jan 18, 2023 |
You can apply for RSWM Rights Issue 2022 in two ways:
Steps to apply for RSWM Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for RSWM Rights Issue 2022 using Registrar's website (R-WAP)
